LexisNexis® Legal Newsroom
Illinois Amnesty Period Double Interest Penalty Restricted

The Illinois Court of Appeals, First Division, held that a taxpayer was not subject to a double interest penalty provided under an amnesty program for additional income taxes that could not be determined at the time of the amnesty period. Metro. Life Ins. Co. v. Hamer, 2012 Ill. App. LEXIS 144 (Ill....

IRS Authority to Settle After Referral to DOJ Tax

I point readers to an excellent blog by Peter Reilly -- An Isley Brother In Tax Court - Does Tax Crime Pay (Forbes Taxes 11/10/13), here . Peter discusses the recent decision [ enhanced version available to lexis.com subscribers ] in Isley v. Commissioner , 141 T.C. No. 11 (2013), here . I refer readers...